Smart Home: Multi-Dwelling Unit Opportunities

Smart home devices and related services can drive higher revenue by increasing occupancy and rental rates and a reduction in operational costs through reduced maintenance, reduced staffing, enhanced monitoring capabilities, and improved energy efficiency. This report examines the opportunities for integration of smart devices in multi-dwelling units, including profiles of companies driving the market, current adoption of smart home devices, and key feature preferences among residents and property managers of multifamily housing units.

Smart home devices and related services can drive a reduction in operational costs for MDU property managers through reduced maintenance, reduced staffing, enhanced monitoring capabilities, and improved energy efficiency and drive higher revenue by increasing occupancy and rental rates.  This report examines the opportunities for integration of smart devices in multi-dwelling units, including profiles of companies driving the market, current adoption of smart home devices, and key feature preferences among residents and property managers of multifamily housing units.

Key Questions Answered

• What smart home devices, systems, and services are currently available to consumers and MDU property managers?
• What smart home devices, systems, and services are most valuable to consumers and MDU property managers?
• What are the primary challenges associated with providing smart home products and services for MDUs?
• How are smart home products and services evolving to serve the MDU markets?
• What percentage of MDU residents will adopt smart home devices over the next five years?